Key Performance Indicators and definitions

	2017 Oct - Dec	2016 Oct - Dec	2017 Jul - Sep	2016 Jul - Sep	2017 Jan - Sep	2016 Jan - Sep	2017 Apr-Jun	2016 Apr-Jun	2017 Jan-Jun	2016 Jan-Jun	2016 Jan-Dec
Financial measures defined by IFRS:
Operating revenues (€'000)	20,062	12,286	17,262	10,726	47,588	27,762	15,098	9,578	30,326	17,037	40,049
Earnings per share before dilution (€)	0.12	0.08	0.103	0.076	0.289	0.240	0.102	0.089	0.186	0.164	0.319
Earnings per share after dilution (€)	0.11	0.08	0.101	0.076	0.283	0.239	0.100	0.089	0.182	0.163	0.313
Weighted average number of outstanding shares at period's end before dilution (€ '000)	52,435	51,445	51,979	51,445	51,887	50,330	51,907	51,445	51,841	49,767	50,611
Weighted average number of outstanding shares at period's end after dilution (€ '000)	53,527	52,462	53,059	51,621	53,000	50,506	53,038	51,622	52,969	49,943	51,564
Alternative Performance Measures:
Operating profit (€'000)	8,822	5,747	7,569	4,645	19,596	12,899	5,383	5,074	12,027	8,253	18,646
Operating profit margin (%)	44	47	44	43	41	46	36	53	40	48	47
Adjusted operating profit (€ '000)*	9,615	6,176	8,254	5,683	22,305	14,852	7,064	5,011	14,051	9,168	21,027
Adjusted operating profit margin (%)*	48	50	48	53	47	53	47	52	46	54	53
EBITDA (€)	10,338	6,096	8,811	4,926	22,299	13,587	6,273	5,320	13,488	8,660	19,683
EBIDTA margin (%)	52	50	51	46	47	49	42	56	44	51	49
Adjusted EBIDTA (€'000)	11,131	6,525	9,496	5,964	25,008	15,540	7,954	5,257	15,512	9,575	22,064
Adjusted EBIDTA margin (%)*	55	53	55	56	53	56	53	55	51	56	55
Effective tax rate (%)	7	9	8.9	10.4	8.2	7.6	8.5	5.9	7.8	6.2	7.8
NDC	113	67	101	56	272	138	91,222	47,530	171,643	79,851	204,633
Average shareholders' equity	69,568	41,800	61,789	32,218	61,789	32,218	56,184	22,876	56,184	22,876	41,800
Return on equity, rolling 12 months (%)	30	39	31	46	31	46	31	59	31	59	39
Equity to asset ratio (%)	36	39	33	41	33	41	29	66	29	66	40
Quick ratio (%)	67	249	152	460	152	460	132	87	132	87	249
Net interest-bearing liabilities (NIBL) (€'000)	87,654	5,287	70,492	(2,285)	70,492	(2,285)	49,287	(5,418)	49,287	(5,418)	5,287
NIBL/EBITDA multiple	2.69	0.27	2.48	(0.14)	2.48	(0.14)	2.01	(0.38)	2.01	(0.38)	0.29
Net debt/equity ratio multiple	1.81	1.55	1.99	1.46	1.99	1.46	2.47	0.51	2.47	0.51	1.55
Equity per share before dilution (€)	1.85	1.05	1.424	0.967	1.427	0.989	1.317	0.891	1.319	0.921	1.064
Equity per share after dilution (€)	1.81	1.03	1.395	0.964	1.397	0.985	1.289	0.888	1.291	0.918	1.044
Average number of employees	271	183	239	135	233	117	234	122	230	109	139
Employees at period's end	282	190	245	152	245	152	239	129	239	129	190